Is bitcoin being used for illegal activities - page 90.

JeffBrad12

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Quote from: Kollor on May 23, 2016, 10:28:17 PM

Quote from: 23dzmaz on May 23, 2016, 08:44:02 PM

I think yes, but we never know it because their transaction is really secret. I think the illegal activites only for 1-5 transaction. it's make us hard to detect it.

As long as no one admits it that they are using bitcoin for their illegal activities, then we have no proof. Bitcoin transactions anonymity is the only thing we know that it could possibly be used in illegal activity.

Everything that has a value can be used in illegal activity and bitcoin is one of those.

Sure, But anonymity of bitcoin make have much problem for bitcoin, example: some countires,merchant,online store need to think againt to accept bitcoin become one of their legal payment. but it's for some time ago. I think for now, example: "for Europian Union,In October 2015, the European Court of Justice ruled that bitcoin transactions are exempt from consumption tax similarly as traditional cash.According to judges, the tax shouldn’t be charged because bitcoins should be treated as a means of payment."

Source:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Well, I think it's good progress for bitcoin. Yes you're right "Everything that has a value can be used in illegal activity and bitcoin is one of those", but.we must keep always positive thinking about it.

owm123

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Quote from: Kollor on May 23, 2016, 10:28:17 PM

Quote from: 23dzmaz on May 23, 2016, 08:44:02 PM

I think yes, but we never know it because their transaction is really secret. I think the illegal activites only for 1-5 transaction. it's make us hard to detect it.

As long as no one admits it that they are using bitcoin for their illegal activities, then we have no proof. Bitcoin transactions anonymity is the only thing we know that it could possibly be used in illegal activity.

Everything that has a value can be used in illegal activity and bitcoin is one of those.

Bitcoin is not anonymous. Its ironic that pseudo-anonymous bitcoin is used for illegal things. Usually criminals learn the hard what what does pseudo-anonymity of bitcoin mean.

Kollor

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Quote from: 23dzmaz on May 23, 2016, 08:44:02 PM

I think yes, but we never know it because their transaction is really secret. I think the illegal activites only for 1-5 transaction. it's make us hard to detect it.

As long as no one admits it that they are using bitcoin for their illegal activities, then we have no proof. Bitcoin transactions anonymity is the only thing we know that it could possibly be used in illegal activity.

Everything that has a value can be used in illegal activity and bitcoin is one of those.

23dzmaz

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I think yes, but we never know it because their transaction is really secret. I think the illegal activites only for 1-5 transaction. it's make us hard to detect it.

Doms

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It's not just bitcoin that can be used for illegal activities. Most anything actually can be used for anything, it's the intent and motivation of doing things that gives an instrument a good or a bad reputation. Just like the saying the money is the root of all evil. But I believe that it is not correct since money is just a tool or an instrument to get something.

JesusHadAegis

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Quote from: owm123 on May 23, 2016, 07:19:28 PM

Quote from: 27QVUTZj8rgZP1 on May 23, 2016, 06:26:52 PM

Quote from: owm123 on May 23, 2016, 06:15:04 PM

Is bitcoin being used for illegal activities?

Certainly yes, as there are humans using it. I just don't know the importance of this question, since nearly all things can be used either for good or bad.

Quote from: owm123 on May 23, 2016, 06:15:04 PM

Its NOT anonymous (http://www.bitcoinisnotanonymous.com/).

Then if I subscribe to an online service paying with bitcoin and commit a crime with their service they will be able to know where I live, my real name, and take me to jail?

If police can tie your real life identify with any of your past or future addresses, than its possible. Bitcoin is only pseudo-anonymous.

I think this is why most accounts and wallets are protocol protected and its up to a user to be smart enough to manipulate it. Unless what you are commiting is big time stafa then police would really go to you. I'm not saying that small time scam is good but i think only admins and staff will be coming at you.

owm123

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Quote from: 27QVUTZj8rgZP1 on May 23, 2016, 06:26:52 PM

Quote from: owm123 on May 23, 2016, 06:15:04 PM

Is bitcoin being used for illegal activities?

Certainly yes, as there are humans using it. I just don't know the importance of this question, since nearly all things can be used either for good or bad.

Quote from: owm123 on May 23, 2016, 06:15:04 PM

Its NOT anonymous (http://www.bitcoinisnotanonymous.com/).

Then if I subscribe to an online service paying with bitcoin and commit a crime with their service they will be able to know where I live, my real name, and take me to jail?

If police can tie your real life identify with any of your past or future addresses, than its possible. Bitcoin is only pseudo-anonymous.

outatime1

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Of course bitcoin is used for illegal activities, but so is the US dollar. All forms of currency can be used for things that are illegal. I think we need to also look at all of the good things that bitcoin can be used for such as sending money cheaply to other parts of the world. We also have almost full control over our bitcoin but fiat is controlled by governments and banks.

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Quote from: owm123 on May 23, 2016, 06:15:04 PM

Quote from: Cybertron00 on May 23, 2016, 05:48:43 PM

Bitcoin is can bo use both on legal and illegal things.Common peoples commonly use bitcoins for legal things such as business and extra income.But there are people that is using bitcoins on illegal things such as buying drugs online,weapons,and other illegal things specially on deep web.They abuse it because of it's anonymous transaction that they will benefit in.

Its NOT anonymous (http://www.bitcoinisnotanonymous.com/).

Bitcoin actually is pseudoanonymous, Of course everyone knows about all the transactions that show and kept on the block chain all you have to do just try to hide your real identities that involved in the transactions, to address this problem you should use trusted bitcoin mixer service like bitmixer or others, or convert them to the altcoin which has untraceable feature like monero.

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Quote from: owm123 on May 23, 2016, 06:15:04 PM

Is bitcoin being used for illegal activities?

Certainly yes, as there are humans using it. I just don't know the importance of this question, since nearly all things can be used either for good or bad.

Quote from: owm123 on May 23, 2016, 06:15:04 PM

Its NOT anonymous (http://www.bitcoinisnotanonymous.com/).

Then if I subscribe to an online service paying with bitcoin and commit a crime with their service they will be able to know where I live, my real name, and take me to jail?

diodio5

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Quote from: Yipdard on May 23, 2016, 04:53:03 PM

They use bitcoin for illegal activities because it is not a physical currency.

yeah because it's not physical form that makes it easier bitcoin being misused. using digital money is easier to use and sent to anywhere This will make it easier to carry out illegal activities let alone the nature of the anonymous bitcoin. This makes a lot of people interested in using bitcoin for illegal activities

owm123

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Quote from: Cybertron00 on May 23, 2016, 05:48:43 PM

Bitcoin is can bo use both on legal and illegal things.Common peoples commonly use bitcoins for legal things such as business and extra income.But there are people that is using bitcoins on illegal things such as buying drugs online,weapons,and other illegal things specially on deep web.They abuse it because of it's anonymous transaction that they will benefit in.

Its NOT anonymous (http://www.bitcoinisnotanonymous.com/).

Cybertron00

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Bitcoin is can bo use both on legal and illegal things.Common peoples commonly use bitcoins for legal things such as business and extra income.But there are people that is using bitcoins on illegal things such as buying drugs online,weapons,and other illegal things specially on deep web.They abuse it because of it's anonymous transaction that they will benefit in.

BlueTemplar

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Bitcoin, like any currency, is used for legal and illegal transactions.
That does not say much about Bitcoin other than that it is an efficient and open means of transacting. There are many types of transactions that are illegal that really should not be, so depending on your views you won't see much of a problem with black market uses. Black markets are a fact of life and will exist as long as humans exist to create laws.

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They use bitcoin for illegal activities because it is not a physical currency.

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Quote from: Sierra8561 on April 08, 2016, 08:42:25 PM

I'm willing to bet cash is used for 99.9% of all illegal activity. Bitcoin is a drop in the bucket compared to cash.

because in fact bitcoin is also included in illegal goods in various countries. although we do not do illegal activities directly with bitcoin. but by using bitcoin in a country that has banned the use bitcoin and other cryptocurrency. it has been included in illegal activities right

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Quote from: Jasad on April 18, 2016, 03:19:52 AM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

illegal activities will not hurt bitcoin,all currency also used for illegal activities and it not make that currency hurt or lost the trust,people will keep trust and use bitcoin.

Yes i agree not only bitcoin use for illegal activities but all currencies existing in this world bitcoin is still money and many bad people use it because of it anonimosity and they will not trace for using it in illegal transaction they are doing online. And mostly bitcoin use to buy illegal goods in darkweb where you can buy their any bad stuff.

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Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

illegal activities will not hurt bitcoin,all currency also used for illegal activities and it not make that currency hurt or lost the trust,people will keep trust and use bitcoin.

FabioDelcatto

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Quote from: Bestwishes745 on April 08, 2016, 06:13:18 PM

Quote from: Superways on April 08, 2016, 05:09:05 AM

I think it is only a rumor or maybe sometime in the past it was used, but it is not frequently used, most of the criminals are illiterate and they do not have any knowledge about bitcoin, and if they started to learn about bitcoin they will also learn the ways of its earning which is much easier and not risky, so they may adopt it.

I have also saw that there are not much cases occurred with which it is noted that bitcoin is used for criminal activities, Currently the criminals are much less aware with it, as after France attack, I have never saw that in any case the bitcoin is used.

There are a lot of people that is using Bitcoin for their illegal activities because Bitcoin is an easy payment method for the criminals because nobody will know what you bought.
And you cant also stop them and that is bad but yeah there are everywhere the bad people.

nostal02

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Bitcoin is used for illegal activities because you dont have be with the person that you want to transact with just to pay the goods that you are buying and its safer for them to do this than to have actually have a lot of money in every transaction that they will make.

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